On August 4, 2016, Sky Pharm S.A., a wholly owned subsidiary of Cosmos Holdings Inc., a Nevada corporation entered into a Loan Facility Agreement, guaranteed by Grigorios Siokas, Cosmos Holdings CEO, with Synthesis Peer-To Peer-Income Fund . The Loan Facility provides Sky Pharm with a credit facility of up to $1,292,769. Any advance under the Loan Facility accrues interest at a rate of 10% per annum and requires quarterly interest payments commencing on September 30, 2016. The Synthesis Facility Agreement is secured by a personal guaranty of Grigorios Siokas, which is secured by a pledge of 10,000,000 shares of common stock of the Company owned by Mr. Siokas. As of August 4th 2016 the Company has taken an advance of $1,292,769.
Cosmos Holding’s wholly owned subsidiary Sky Pharm S.A. receives $1,292,769 credit facility from Synthesis Peer-to-Peer Income Fund
04 August, 2016